Invenergy and EnergyRe have told regulators in the US it can no longer move forward with the 2400MW Leading Light offshore wind farm.
The developers stated they can’t progress under the ORES award for the scheme due to to market headwinds.
“Like many other industry participants, the Company has faced a series of obstacles in the development of the LLW Project including supply chain, equipment and vendor challenges as well as changing regulatory requirements, to name but a few of the issues the Company has confronted,” lawyers told the New Jersey Board of Public Utilities.
“The Company has invested considerable time and financial resources in the development of the LLW Project and remains firmly of the view that the LLW Project, and offshore wind energy development, can provide significant benefits to New Jersey and its residents.
They developers added: “The Company regrets this decision but does not see a path forward for the LLW Project on this OREC award and looks to the future for possible solicitations.”